Sun Reaches New 52-Week High (SUI)

NEW YORK ( TheStreet) -- Sun Communities (NYSE: SUI) hit a new 52-week high Friday as it is currently trading at $41.36, above its previous 52-week high of $41.34 with 93,261 shares traded as of 12:15 p.m. ET. Average volume has been 219,500 shares over the past 30 days.

Sun has a market cap of $842.5 million and is part of the financial sector and real estate industry. Shares are up 12% year to date as of the close of trading on Thursday.

Sun Communities, Inc. operates as a real estate investment trust (REIT). It owns, operates, and develops manufactured housing communities in the midwestern, southern, and southeastern United States. The company has a P/E ratio of 1373.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sun as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Sun Ratings Report.

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